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The effort will help the seed and chemical giant diversify its revenue stream, capitalizing on a decade-long farm data collection effort. Environmental outcomes would then be certified by a third-party verifier so that farmers can potentially sell their grain for a premium, Bayer said. Bayer will charge companies a flat or per-acre fee for the services, and make money from farmers through seed and chemical sales and data-platform subscriptions. The launch initially targets U.S. agriculture but the company envisions broadening it to other countries, though no timetable is set yet, Bayer said. ForGround requires that farmers enroll in Bayer's Climate FieldView platform, where growers log data about agricultural practices such as no-till farming or planting cover crops.
Persons: Bayer, it's, Leo Bastos, Karl Plume, Louis, Marguerita Choy Organizations: Bayer AG, Monday, Bayer CropScience, Thomson Locations: Louis , Missouri, St
“If the Taliban finds us, they will immediately kill us,” she told NBC News from Kabul this year. “When the Taliban want someone, they will arrest their whole family until they get the person they want,” she added. A Taliban fighter walks past a beauty salon with images of women defaced in Kabul in August 2021. Workers hoist sacks of flour as Afghans collect monthly rations of staple food from a U.N. World Food Program distribution point in Kabul in January. Ebrahim Noroozi / AP“I think it goes to show, the Taliban prioritizes ideological issues over practical issues like getting assistance and recognition,” he said.
Persons: Osama bin Laden, Ashraf Ghani, Malika, Bashir, , , Wakil Kohsar, “ I’m, Abdul, Scott Peterson, Samira, Michael Kugelman, Ebrahim Noroozi, Jawed Organizations: Taliban, Amnesty International, NBC News, Getty, United Nations, World Bank, Food, South, Wilson Locations: Kabul, Afghanistan, U.S, Taliban, AFP, Ukraine, Europe, Takhar, Samira, South Asia, Washington
U.N.-chartered ship in Ukraine readying for journey to Africa
  + stars: | 2022-08-14 | by ( )   time to read: +2 min
The Lebanese-flagged bulk carrier Brave Commander arrives to the sea port of Pivdennyi after grain export was restarted amid Russia's attack on Ukraine, in Odesa region, Ukraine August 12, 2022. REUTERS/Serhii SmolientsevODESA, Ukraine, Aug 14 (Reuters) - The United Nations-chartered ship MV Brave Commander will depart Ukraine for Africa in coming days after it finishes loading more than 23,0000 tons of wheat in the Ukrainian port of Pivdennyi, a U.N. official said. The ship, which arrived in the port near Odesa, will sail to Ethiopia via a grain corridor through the Black Sea brokered by the United Nations and Turkey in late July. It will be the first humanitarian food aid cargo bound for Africa since Russia's invasion of Ukraine on Feb. 24. under the framework of the Black Sea Grain Initiative. So far most of the cargoes under the deal have carried grain for animal feed or for fuel.
Persons: Andrea Shalal, Michael Perry Organizations: Lebanese, REUTERS, United Nations, MV, United, Initiative, Food, U.S . Agency for International Development, Joint Coordination, Thomson Locations: Pivdennyi, Ukraine, Odesa region, ODESA, Africa, Ukrainian, Odesa, Ethiopia, United Nations, Turkey, Russia, Istanbul
The United Nations' worst-case scenario calculation is that global food prices will rise by an additional 8.5% by 2027. Spikes in fertilizer prices started when Russia invaded Ukraine in 2022. The region is responsible for at least 28% of the world's fertilizer exports, including nitrogen-, potassium- and phosphorus-based fertilizers, according to Morgan Stanley. "There's a direct relationship with what we're seeing in fuel prices and fertilizer prices," Jo Handelsman, director of the Wisconsin Institute for Discovery at the University of Wisconsin-Madison, told CNBC. Watch the video above to learn more about the world fertilizer crisis amid supply chain woes and its climate change impact, while exploring potential solutions on the horizon.
Persons: Meagan Kaiser, NBC's, Lester Holt, Johanna Mendelson Forman, Morgan Stanley, Jo Handelsman, I'm, Ronald Vargas Organizations: United Nations, American Farm Bureau, Family Farms, United, Farmers, International Fertilizer Association, U.S . Department of Agriculture, Spikes, American University's School of International Service, CNBC, Wisconsin Institute for Discovery, University of Wisconsin, Global Soil Partnership Locations: Russia, Ukraine, Madison
Somali displaced people wait to receive iftar charity food on the first day of the holy fasting month of Ramadan, in Mogadishu, Somalia May 17, 2018. REUTERS/Feisal OmarVATICAN CITY, Aug 14 (Reuters) - Pope Francis said on Sunday that the war in Ukraine had distracted attention from the problem of world hunger and called for urgent food aid to stave off looming famine in Somalia. U.N. agencies had other organisations have appealed for more funding to help stave off famine in Somalia, which is one of the countries most susceptible to climate vulnerability. "Unfortunately the war (in Ukraine) has distracted attention and resources but these are the aims that call for the utmost commitment - the fight against hunger, health care, education," he said. Register now for FREE unlimited access to RegisterReporting by Philip Pullella Editing by Raissa KasolowskyOur Standards: The Thomson Reuters Trust Principles.
Persons: Omar, Pope Francis, Francis, Philip Pullella, Raissa Organizations: REUTERS, Omar VATICAN CITY, Agriculture Organisation, FAO, UNHCR, Norwegian Refugee Council, Thomson Locations: Mogadishu, Somalia, Ukraine, St, of Africa, Food, U.N
Young people have to "play the long game" if they want to achieve it, according to one successful CEO. Matt Weiss, who leads the upcycled dried snacks company RIND, says young people often feel a tremendous amount of pressure to achieve success early in their careers. But Weiss says that's the wrong way to go about it: Instead of trying to emulate those quick and flashy success stories, young people should work towards longer-term career goals. That's the best way to set yourself up for lasting success, according to Weiss. "It takes time and requires young people to think more long term if they want to reach that kind of success."
Persons: Matt Weiss, Weiss, Organizations: CNBC, Whole Foods, CVS, Target, Costco
What the fertilizer crisis means for food prices
  + stars: | 2022-08-14 | by ( Andrea Miller | )   time to read: +1 min
The United Nations' worst-case scenario calculation is that global food prices will rise by an additional 8.5% by 2027. It turns my stomach a little bit to think about the amount of risk that our family farm is taking right now." Without fertilizer, plants may not get the nourishment they need to result in the yields necessary to meet global demand. According to the International Fertilizer Association, we would only be able to feed about half of the global population without fertilizer. Watch the video above to learn more about the world fertilizer crisis amid supply chain woes and its climate change impact, while exploring potential solutions on the horizon.
Persons: Meagan Kaiser, NBC's, Lester Holt Organizations: United Nations, American Farm Bureau, Family Farms, United, International Fertilizer Association
ISTANBUL—An international agreement to restore Ukraine’s Black Sea grain exports is showing early progress, with 18 ships moving to and from ports in Odessa nearly six months after Russia’s invasion bottled up a chunk of the world’s agricultural products. On Saturday, the grain initiative passed a key milestone when the first inbound ship to arrive in Ukraine under the agreement safely departed Odessa after loading 12,000 tons of corn bound for Turkey. Before the ship’s departure, all of the other outbound ships leaving Odessa had been vessels that were stranded in Ukraine when Russia attacked in February.
Locations: ISTANBUL, Ukraine’s, Odessa, Ukraine, Turkey, Russia
Thank you to the hit TV series ‘The Bear” for daring to show audiences what it’s really like to run a restaurant. Hulu’s summer hit finally gets it right — and as a restaurant wife (AKA a work widow) I finally feel validated. “The Bear” shows the urgency of this hustle. All of our time, money, work gets sucked up into this place. FX“The Bear” shows a toilet overflowing and the staff scrambling to clean it up so they can open for business.
Persons: Shane, Monica, Carmen Berzatto, hustling, , Amy McHugh, , ” I’ve, , Jeremy Allen White, Carmine, Carmy, he’s, It’s Organizations: Food Network Locations: Cape Cod
The spokesperson said that the packaging doesn't contain plastic and is fully recyclable and biodegradable, and that the cutlery is made from either wood or avocado seed. Ryan Hogg / InsiderYes, the crockery is fully recyclable and biodegradable. They don't use plastic; it is either PLA made from plants and biodegradable or aqua cellulose also derived from plants. They use either wooden or avocado seed cutlery. Any ink used is water soluble and all packaging is carbon neutralAll cardboard is FSC regulated, and coatings are made from vegetables.
Persons: Ryan Hogg Organizations: PLA
Whole Foods CEO John Mackey recently said younger people "don't seem like they want to work" partly because they want meaningful jobs. "Younger people aren't quick to work because they want meaningful work," Mackey told Reason. In a February LinkedIn survey, 80% of job-hunting Gen Z workers said they were looking for roles that better aligned with their interests and values. Disillusioned, younger workers are fighting for moreBut younger workers aren't just being more selective with their jobs because they want their work to have an impact. Speaking about Whole Foods workers to Yahoo in 2013, he said, "Why would they want to join a union?
Persons: John Mackey, Z, , it's, Mackey, X, Porter Novelli, aren't, They're, Zers, Dustin Finkelstein, We're Organizations: Foods, Service, LinkedIn, Baby Boomers, Deloitte, SXSW, Workers, Yahoo
In the U.K., several supermarket companies this year abandoned various date labels on certain foods. Packaged produce sold without date labels will instead feature a code that store workers will use to assess when to take products off the shelf, the company said. The U.S., however, has no federal law on date labels for food other than baby formula, making for a hodgepodge of state laws and guidance. Photo: Alisha Jucevic for The Wall Street JournalSome analysts said getting rid of date labels could backfire. U.S. lawmakers have long sought to pass legislation to simplify and standardize date labeling.
Persons: , , John Lewis, Ben Thomas, Mr, Thomas, Emily Broad Leib, Alisha Jucevic, Andrew Busby, ” Mr, Busby, Ignacio Gavilan, Chellie Pingree, Broad Leib, Katie Deighton Organizations: Morrison Supermarkets PLC, CMO, Spencer, Waitrose, British, John, John Lewis Partnership PLC, John Lewis Partnership, Harvard Law School’s Food Law, Policy Clinic, Wall, “ Consumers, Harvard Food Law, Clinic, U.S . Food, Drug Administration, Consumer Goods Forum, Walmart Inc Locations: Bradford , England, U.S, , Maine, katie.deighton
Take your shoes off, sweat away the battles and just meet yourself where you’re at. I’ll drink wine as if it were water, and plonk handfuls of ice in every glass. The sound of the ice will make me think of the lovely word “clink.” I’ll definitely swim and dry off on a warm towel. While I’m face down, swaddled in warmth, I’ll shut my eyes and dare to picture something I really want. I’ll need a steamy bowl of pasta that’s chock-full of seasonal produce and asks nothing of me.
Persons: I’m, , I’ll
The U.N. brokered a deal last month between Ukraine and Russia allowing grain shipments to break through a monthslong Russian blockade. The U.N. secretary general, António Guterres, said the pact would ease global food shortages, calling it “a beacon of relief.”So far none of the 14 grain-laden vessels that have departed Ukraine are heading to countries facing food shortages. An additional 7,000 metric tons is slated be shipped on another vessel soon, according to the World Food Program. U.N. officials have said that commercial trade plays a role in stabilizing the market, even if it does not go directly to nations facing food shortages. Stéphane Dujarric, a spokesman for the U.N. secretary general’s office, said that unblocking Ukrainian ports had already driven global food prices down, which would eventually help countries facing food insecurity.
Persons: Daniel Berehulak, U.N, , Steve Taravella, António Guterres, Talavera, Oleksandr Kubrakov, Taravella, Stéphane, general’s, they’ve, Ruth Maclean, Joe Rennison Organizations: The New York Times, Food, World Food, United Nations Locations: Odesa, Ukraine, of Africa, Russia, Russian, Djibouti, Horn of Africa, Ethiopia, Kenya, Somalia, U.N, Lebanon, Chicago
REUTERS/StaffSummarySummary Companies Healthcare, travel lead sectoral advanceSTOXX 600 set for weekly gainsFlutter FY earnings turnaround forecast push shares upAug 12 (Reuters) - European shares rose on Friday after GSK led a rebound in healthcare stocks, while Flutter fuelled a rally in the travel and leisure sector after an upbeat earnings forecast. read moreSanofi (SASY.PA) and Haleon (HLN.L) shares, which also fell on Thursday on the concerns, edged higher in early trading. Register now for FREE unlimited access to RegisterThat helped the European healthcare sector (.SXDP) gain 0.3%, with the STOXX 600 index (.STOXX) rising 0.4%. Travel & leisure stocks (.SXTP) jumped 2.7%, leading sectoral gains. London stocks (.FTSE) gained 0.6% after data showed Britain's economy contracted by less than feared in the second quarter.
Persons: Jim Reid, Chancellor Scholz, Roche, Shreyashi Sanyal, Saumyadeb Chakrabarty Organizations: REUTERS, Healthcare, GSK, Sanofi, Federal Reserve, Deutsche Bank, U.S . Food, Drugs Administration, Thomson Locations: Frankfurt, Germany, U.S, Europe, Ukraine, London, Bengaluru
Register now for FREE unlimited access to RegisterIts enactment would represent a rare legislative defeat for the pharmaceutical industry and set a new precedent for curbing drug prices in the world's most lucrative market for medicines, according to congressional and industry officials. The pharma campaign argued that prescription drugs do not contribute to inflation, citing an average 2.5% rise in drug prices in the past year compared to a 17% rise in health insurance prices. A KFF study estimated that prices increased faster than inflation for half of all drugs covered by Medicare in 2020. "With this vote I would imagine Pharma realizes they do not have a lot of friends left among Democrats," said Larry Levitt, vice president for health policy at KFF. And they will, I suspect, try and alter the legislation," said Mark Miller, a former government health policy official who is now executive vice president of healthcare at Arnold Ventures.
Persons: Joe Biden, Patty Murray, we've, Ron Wyden, Stephen Ubl, Brian Newell, Kirsten Sinema, Scott Peters, Peters, Larry Levitt, Mark Miller, Ahmed Aboulenein, Richard Cowan, Lewis Krauskopf, Michele Gershberg, Deepa Babington Organizations: Big Pharma, Democratic, U.S . House, Reuters, Democratic Party, Family Foundation, Pharmaceutical Research, Manufacturers of America, Politico, The pharma, Medicare, pharma, Pharma, Arnold Ventures, US Pharma, JPMorgan, Thomson Locations: U.S, PhRMA, Washington, New York
A corner of the hedge-fund world can't stop talking about one of Millenium Partners' most prominent trading teams. Glen Scheinberg, the portfolio manager whose team has minted billions of dollars for Millenium, became a hot topic on Wall Street. Hedge funders seemingly can't stop chatting about the fate of Millennium's index-rebalance king. Searches on the Bloomberg terminal for Glen Scheinberg — the portfolio manager whose team has met with much success at Millenium — spiked to 1,300 one afternoon in June. Meet Kasper Knokgaard, a partner at private-equity firm EQT and global head of its services sector team.
Persons: Aaron Weinman, Glen Scheinberg, Israel Englander, Millennium Partners Phil McCarten, , Russell, Insider's Alex Morrell, Goldman Sachs, Erik McGregor, Carlyle, Glenn Youngkin, Youngkin, Guy America, Casavo, Kasper Knokgaard, EQT, Knokgaard, Investindustrial, Ellis, Evercore, Gibson Dunn, Centerview, Hallam Bullock Organizations: Partners, Millennium Partners, Bloomberg, Millennium, BNY Mellon, Getty, BlackRock, Republicans, Blackstone, US Securities and Exchange Commission, Melvin Capital Management, Wall Street Journal, SEC, Virginia, NBC News, Banker, United Talent Agency, UTA, TreeHouse Foods, Lazard, Bank of America, Tokio Marine, Tokio Locations: Glen, Puerto Rico, New York City, Carlyle, Kirkland, Arbor, Tokio Marine Asia, Tokyo, Singapore, New York, London
In a recent podcast, Whole Foods CEO John Mackey said socialism is taking over the US. Mackey also expressed concern that younger people "don't seem like they want to work." Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyWhole Foods CEO John Mackey said he fears "socialists are taking over" in the US and that young people "don't seem like they want to work." The CEO said Whole Foods has had difficulty recruiting new workers since the pandemic started, even as the chain hiked wages. "Younger people aren't quick to work because they want meaningful work," Mackey told Reason Magazine.
Persons: John Mackey, Mackey, , I've, Insider's Hayley Peterson, Kim Kardashian, It's, Obamacare, John, who's Organizations: Foods, Service, Amazon, Wall Street, Whole Locations: New York, Los Angeles, San Francisco
Seth Goldman, its cofounder, is trying to create a successor to Honest Tea. Coca-Cola, which acquired Honest Tea in 2011, discontinued the brand earlier this year. Honest Tea cofounder Seth Goldman has raised $14.5 million to create a successor product to Honest after Coca-Cola killed the brand earlier this year. But the brand decided to try tea again after Coca-Cola announced in May it would stop production of most Honest Tea products. "Two weeks ago, I had no intentions of getting back into the iced-tea business," Goldman told Insider in June.
Persons: Seth Goldman, Tea, Goldman, Spike Mendelsohn, Craig Shapiro, Walter Robb, Mendelson, Barry Nalebuff, , Tea's, Nalebuff, smoothies Organizations: Collaborative Fund, S2G Ventures, Washington Business, Whole Foods, Business, Goldman, Cola, Yale Locations: India
Stocks could continue to push higher into the dog days of August, as investors await earnings from big retailers and new data on housing and the consumer. Economic reports in the week ahead include housing starts Tuesday and existing home sales Thursday. Stocks in the past week were higher, with energy and financials leading the way. ICLN was up about 4.9% in the past week and 23% over the past month. First, the S & P 500 rose above the June high of 4,177 in the past week, boosting to the bullish case.
Persons: Dow Jones, Keith Lerner, , Lerner, Russell, Hogan, Gargi Chaudhuri, Chaudhuri, ICLN, TAN, Truist, they've, It's, Jonathan Krinsky, Christopher Waller, Michelle Bowman, Bowman, Estee Lauder, Esther George 1, Neel Kaskari, Locker, Tom Barkin Organizations: Nasdaq, Riley Wealth Management, Walmart, Home, Target, Clean Energy, Empire, Fed, Housing, Cisco, Lowe's, Tencent Holdings, Devices, Food, Krispy, Ross, Philadelphia Fed, Kansas, Minneapolis, Deere, Richmond Fed Locations: Americas, NetEase
What the New C.D.C. Guidelines Mean for You
  + stars: | 2022-08-12 | by ( Emily Anthes | )   time to read: +1 min
If you use an at-home antigen test, you may need to test yourself repeatedly. People who do have Covid-19 symptoms should take at least two tests 48 hours apart. “Your viral load grows after you get infected,” said Dr. Michael Mina, a former Harvard epidemiologist who is now the chief science officer for eMed, which sells at-home tests. “It goes up, and that takes time.”What should I do if I test positive for the virus? Isolate at home for at least five days, and keep your distance from others in your household.
Persons: , Michael Mina, Harvard epidemiologist Organizations: Food and Drug Administration, People, Harvard
Signage is seen outside of the Food and Drug Administration (FDA) headquarters in White Oak, Maryland, U.S., August 29, 2020. The FDA pointed to deficiencies in cleaning and maintenance of equipment to prevent contamination of drug product and also recommended the company review its quality control process, Emergent said. Earlier in August, Emergent had said the FDA had last inspected its facility at Camden in February and was waiting for the agency's feedback. J&J gave notice to terminate its vaccine manufacturing agreement with the contract manufacturer in June. Register now for FREE unlimited access to RegisterReporting by Amruta Khandekar in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.
Persons: Andrew Kelly, drugmaker, Johnson, J, Amruta, Krishna Chandra Organizations: Food and Drug Administration, FDA, REUTERS, Inc, U.S . Food, Drug Administration, Emergent, Thomson Locations: White Oak , Maryland, U.S, Baltimore , Maryland, Camden, Baltimore, Bayview, Bengaluru
Coca-Cola is concluding a yearlong effort to flavor the abstract with a new soda the company says tastes like dreams. Since Dreamworld’s flavor is based on a concept as opposed to a food, it is unclear from the labeling what the soda actually tastes like. “Like the Coca-Cola Creations that came before it, Dreamworld plays with the unexpected and will no doubt provoke discovery and debate among consumers … which we welcome,” Cascino continued. I immediately got a citrus flavor from this soda, but I thought the overall flavor was similar to Marshmello’s limited-edition Coke." Coca-Cola's "Dreamworld" flavor will be available in stores on Aug. 15.
Persons: Alessandra Cascino, ” Cascino, Starlight, Cherry, Katie Teague, Ava Max, Devin Peterson, " Peterson, Jaya Saxena, you’re Organizations: Cola, NBC News, Dreamworld, Marshmello’s, America Operating Unit, Cola Creations, Food Network, Fortnite, Tomorrowland, Ohio State University
Same Surgery, Different Price: Why Hospital Bills Vary So Much The prices hospitals negotiate with health insurance companies are a major driver of high U.S. medical costs. WSJ analyzes the rates at one hospital to explain why the prices for the same surgery, at the same hospital, can vary so widely. Illustration: Ryan Trefes
Persons: Ryan Trefes Organizations: Bills
Rising global food prices and shortages of grain and fertilizer stemming from the war in Ukraine could create further economic turmoil, risk analysts said. Still, risk analysts say they are keeping a close eye on global food prices. Fertilizer prices have reached record highs, with far-reaching consequences for farmers, agricultural yields and food prices. Newsletter Sign-up WSJ | Risk and Compliance Journal Our Morning Risk Report features insights and news on governance, risk and compliance. “I do think the circumstances in the short term will be extremely difficult.”Mr. Robson added that in the longer term—12 to 18 months—steps could be taken to increase global food production and improve the situation.
Persons: , Srdjan Todorovic, Nick Robson, McLennan Cos, , Jimena Blanco, WSJ’s Patrick Thomas, Ryan, Marsh, Mr, Robson, Verisk, Ms, Blanco, Allianz’s Mr, Todorovic, Laura Burns, Richard Vanderford Organizations: Allianz Global Corporate, Specialty, Allianz, Marsh, United, Food and Agriculture Organization, United Nations Locations: Ukraine, Germany, London, Marsh, United Nations, Americas, Peru, Greece, Sri, Sri Lanka, Russia, North Africa, Asia, Turkey, Brazil
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